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Vietnam Prime Minister Visits Japan to Promote Investment

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Japan has played more and more important role as a strategic investor in Vietnam through making investment and setting up business in Vietnam with growing number of foreign direct investment projects. Accepted the invitation of Prime Minister Shinzo Abe, Prime Minister Nguyen Tan Dung will lead Viet Nam delegation to attend The Seventh Mekong-Japan Summit Meeting in Tokyo from Jul 2 to Jul 4th, 2015. This is an important conference to unify the orientation about Mekong-Japan cooperation for the period 2016-2018. The conference will review the situation between Mekong-Japan cooperation, especially resulting the implementation of the Mekong-Japan Action Plan in the 2013-2015 period and measures the priorities in the near future. Foreign Ministry Spokesman Le Hai Binh said, Prime Minister Nguyen Tan Dung attend The Seventh Mekong-Japan Summit Meeting to promote Economic Society development of the Mekong Sub-region in general and of Vietnam in particular, as well as consolidate friendship...

Which Sectors Attracting Investment in First Half of 2015

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  The trend of foreign direct investment (FDI) in Vietnam continues to tremendously increase into key sectors such as industrial processing and manufacturing, business and real estate, wholesale and retail, through  set up business in Vietnam . Accordingly, the disbursed FDI inflows in June positively increased and exceeded the growth rate of last year. In June 2015, registered and new FDI is 1.19 billion dollars, bringing the total registered and new value to 5.49 billion dollars since the beginning of this year, equivalent to 80.2 % value of the same period in last year 2014. In particular, FDI registered capital of 3.83 billion USD since the beginning of 2015 is equivalent to 79% FDI capital of the same period in 2014. Additional FDI capital was 1.65 billion in the first 6 months of 2015, equivalent to 83% FDI capital of the same period of 2014. The FDI project has disbursed a total of 6.3 billion, increase 9,6% value in the same period in 2014. FDI in small-scale projects ...

Strong Flows of FDI Into Vietnam in Jul 2015

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It has been reported foreign direct investment is strong in the month of Jul 2015 for which foreign investors have been putting more money into manufacturing through setting up business in Vietnam especially high tech area. There were a series of FDI projects that are newly granted with the investment certificate in July 2015, such as the 274 million USD project of Far Eastern in Binh Duong; or the project of Regina Miracle Company will invest 88 million USD to build a shoes manufacturing plant in an area of ​​13.6 hectares in the VSIP Hai Duong. Moreover, VSIP has just received the investment certificate of the industrial park – urban area – services VSIP Nghe An project with the first phase investment capital of over 15 million USD, the entire project could be 76 million USD. This trend will probably continue in the future, and not just relying on those large-scale projects mentioned above. In the mid-July, during the visit to the United States, leaders of Ho Chi Minh City (HCMC) ha...

Japan Increases Investment in Vietnam in Finance and Services

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Japanese investors have switched from set up business in Vietnam in manufacturing into financial investment, retail. Why Japanese Investors Invest in Vietnam? Three Reasons Japan Invests in Vietnam Why Japan Will Increase Investment in Vietnam Til end of Jan 2015, Japan is the second largest foreign investors in Vietnam in direct investment form with 2,494 projects, and total registered capital of nearly 36.9 billion USD however there have been changes in the structure of the investment capital in Vietnam. In particular, the manufacturing sector once accounted for the largest proportion of investment in Vietnam drops 30% from nearly $ 1.2 billion in 2013 to nearly 830 million 2014. In fact, the projects in the manufacturing sector often require huge capital during a long-term investment. In the context that Japan’s economy faces difficulties as well as the global economy is not bright, the reduction of investment in the manufacturing sector is also understandable. In indirect forei...

Why Japan Investors Invest in Vietnam

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The depreciation of yen against dollar, more available funds for loans from Japanese banks, and the fast aging population make Japanese corporations increasing investment in foreign markets including Vietnam through setting up business venture . In a morning of Jan 22nd 2015, the office of Ministry of Planning and Investment and Foreign Investment Agency have met and worked with small and medium business delegation of Japan to explore investment opportunities in Vietnam. The Japanese business delegation led by Mr. Shuichi Kageyama, vice president of Sumitomo Mitsui Banking, are representative of 21 companies operating in the area of construction, real estate, electronics, manufacturing, chemicals, pharmaceuticals products, medical devices. The visit has shown interests of Japanese investors in various sectors in the socio-economic development, environmental and investment policies of the government of Vietnam in attracting foreign investment. The Vietnam government also shows effort ...

Vision to develop logistics services in Da Nang

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  Da Nang, with its favorable geographical location, lies on the arterial North-South traffic axis in terms of road, rail, sea and air, is an important traffic gateway of the Central – Central Highlands and is the end point on the East-West Economic Corridor running through Vietnam – Laos – Myanmar – Thailand, converging types of transport from air, seaport, railway, expressway, especially with deep water ports. Therefore, Da Nang has a great potential to develop into a maritime transport center, an important logistics hub to countries in the region. In the economic development orientation and in the Politburo’s Resolution No. 43-NQ/TW dated January 24, 2019 on Da Nang construction and development to 2030, a vision to 2045 defines: Danang will focus on exploiting advantages to soon become a marine economic center, forming logistics service supply chains for the Central and Central Highlands. To comply with the Resolution, currently, in parallel with the expansion of the port, Da Na...